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Topic: Glad I don't live in Illinois< Next Oldest | Next Newest >
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TheCatt Search for posts by this member.
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PostIcon Posted on: Jan. 11 2011,12:56  Skip to the next post in this topic. Ignore posts   QUOTE
Possible tax hikes

QUOTE
   * Temporarily raising the personal income tax rate to 5%, from 3%.
   * Temporarily hiking corporate income taxes to 8%, from 4.8%.
   * Increasing the tobacco tax to $1.98 per pack, up from 98 cents.
   * Providing a property tax rebate of $325, rather than an income tax credit of 5% of property tax.
   * Imposing a moratorium on new programs with spending growth capped at 1% per year, with the exception of increased school aid of more than $700 million.
   * Borrowing $8.5 billion to clear the current stack of unpaid bills.
   * Borrowing $3.7 billion for the fiscal 2011 pension payment.


Fuck that, just declare bankruptcy and start over.

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PostIcon Posted on: Jan. 11 2011,13:28 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
I saw a thread about this part... somewhere.  Don't remember:

"Temporarily raising the personal income tax rate to 5%, from 3%."

The news article quoted said "Personal income tax increases by 75%."  The people in that thread were bashing the obviously right-leaning journalist, because clearly that is a 2% increase, not a 75% increase.  He was just being sensationalist and fear mongering.

Sigh.

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PostIcon Posted on: Jan. 11 2011,13:47 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
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* Increasing the tobacco tax to $1.98 per pack, up from 98 cents.

DAMN.  Over double.  There will be a day when a pack of smokes costs fucking $20 because 90% of the cost is going to be taxes.

I'll say it again, if they're going to milk addicts for all the cash they're worth, why not legalize other drugs as a means of income?  The gov't bitching about the cost subsidized health care for smokers has been one the chief arguments for fucking tobacco industry at every available lawsuit.  Stop playing it both ways, assholes.

QUOTE
* Temporarily raising the personal income tax rate to 5%, from 3%.

Temporarily my ass.

Edited by Malcolm on Jan. 11 2011,13:48

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PostIcon Posted on: Jan. 11 2011,14:19 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(GORDON @ Jan. 11 2011,16:28)
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"Temporarily raising the personal income tax rate to 5%, from 3%."

The news article quoted said "Personal income tax increases by 75%."  The people in that thread were bashing the obviously right-leaning journalist...He was just being sensationalist and fear mongering.

Yeah, it's only 66.667%

Duh.

Edited by thibodeaux on Jan. 11 2011,14:19
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PostIcon Posted on: Jan. 11 2011,15:11 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
On 2nd thought, 5% is lower than our state tax rate of 7.75%

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PostIcon Posted on: Jan. 11 2011,15:21 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
It's way more than Tennessee's 0%.

And South Dakota's.

And a few others I can't think of... but I want to say Texas and Wyoming are two.

I don't know why some states can operate off of 0% state tax and others can't get by on 5%.

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PostIcon Posted on: Jan. 12 2011,05:49 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Florida is 0%, but they make it up when you go to get a new license and license plates.

California, Illinois, and New York are all in financial trouble right now. I'm sure it's just a coincidence that they're all Democrat strongholds.
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PostIcon Posted on: Jan. 12 2011,07:28 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Tax Burden by state

Illinois #14
California #6
New York #3

NC #28
Ohio #18

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PostIcon Posted on: Jan. 12 2011,08:41 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Missouri's 50th?  The least tax burdened state?  Are you shitting me?

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"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

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PostIcon Posted on: Jan. 12 2011,08:48 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
MS was 50, MO was 33.

And I knew SD had to be low.  I couldn't figure out where they made their money; no state income tax, driver's license cost $20, and license plates cost $20.  No luxury tax on vehicles.

Maybe gambling revenue?  Don't know.

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PostIcon Posted on: Jan. 12 2011,09:23 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
MS?

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Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
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PostIcon Posted on: Jan. 12 2011,10:10 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Yeah, isn't that Mississippi?

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PostIcon Posted on: Jan. 12 2011,10:13 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Yes.
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PostIcon Posted on: Jan. 12 2011,10:58 Skip to the previous post in this topic.  Ignore posts   QUOTE

(GORDON @ Jan. 12 2011,12:10)
QUOTE
Yeah, isn't that Mississippi?

Hmm.  The ways by which these states arrived at their positions on that list somewhat intrigue me.

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Diogenes of Sinope:

"It is not that I am mad, it is only that my head is different from yours."

"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

Arnold Judas Rimmer, BSC, SSC:

"Better dead than smeg."
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